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the size and scope of the government. >> that's right. president obama for at least two years now, maybe longer, has always been talking about a balanced approach to tackling the deficit. when he talks about balanced approach, he means tax revenue and cutting spending, however the only part of the conversation we're having is about tax revenue. no conversation whatsoever about the spending part of this equation. that's because he has no intention of cutting spending. >> sean: senator chambliss is clear, it's increasing revenue, getting more money from the american taxpayer. isn't that a tax? >> yes. what they fail to see or don't want to see or acknowledge this country doesn't have a revenue problem. there's plenty of revenue coming into the treasury. remember the "t" in tea party stands for tax enough already. we have a severe spending problem. before barack obama became president, sean, federal government spending was about 18%, 19% of gdp. barack obama and the democrats have pushed it up to 24% to 25%. >> we're talking about spending more money to artificially prop up the markets. the
're at a stalemate and not really moving forward as president obama would hope. >> all right. many thanks, katy pavlich, appreciate the rundown. >>> both president obama and speaker john boehner took turns today finger pointing on the fiscal cliff talks. take a listen to this. >> it's not acceptable to moo a me to you for members of congress to hold middle class tax cuts to hostage simply because they don't want tax rates on upper income folks to go up. >> the white house spent three weeks trying to develop a proposal, and they send one up here that calls for $1.6 trillion in new taxes, calls for a little not even $400 billion in cuts. it was not a serious proposal. >> all right. so where are we right now? even while the fate of our fragile economy hangs in the fiscal cliff balance, for that let's turn to our distinguished guests. peter goodman. he's the huffington post business editor on a former "new york times"man. we welcome back republican congresswoman nan hayworth and haddy heath, senior policy analyst with the independent women's forum. okay. so mcconnell laughed at the tim geithner pro
split right down the metal on the political ppll on how they want obama to cut the deficit. 41 percent responded in favor of spending cuts. 41 percent of respondents saying they favor tax increases. the white house says it will offer a counterproposal to house speaker proposal. saying that unless he accepts tax increases on the rich the president is willing to go over the cliff. let's get straight to the politics of these developments and the rhetoric and possible economic impact of failure to resolve the issues. joining as, former special assistant to president george w. bush, a veteran political consultants and republican pollster. let's start, if i may, with you. do you think both sides right now are seriously ready to go over the cliff? >> i think the president is very ready because they are reading into this election last month a mandate that i simply don't see. the president got 15 million americans to vote against him which fail to produce any type of meaningful budget in his democratic controlled senate. we are at the disco club because of the president's inability to ever a si
feet economically. we went under financial chaos under work. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. they don't blame obama for the weak economy, they still blame w. this isn't about right or wrong. that's what w. did and his crowd did. i want president obama to do what he looks like he's already doing, getting it done right and on
on the obama administration if the economy doesn't recover. >> all right. many thanks, scott rasmussen, appreciate it very much. >> thanks. >>> with just 26 days until we fall off the tax and fiscal cliff, two dozen house republicans have apparently defected from the boehner plan and signed a bipartisan letter with democrats. people are now asking is there a fallback position for the gop? well, here now to tell us is house majority whip california republican kevin mccarthy, the number three man. mr. mccarthy, as always, thank you for coming back on the show. can i get your comment on this letter, two dozen republicans, they're talking about tax rate flexibility along with a bunch of democrats. what's your take, sir? >> well, remember what they're saying here. what they're saying is that they're going to put everything on to the table. what we've been talking about for so long is where the president has been awol, this is a spending issue that we have a real problem with. we agree that we'll provide revenue, but we do not want to hurt a pro growth economy here. so it's how you go about
rate? >> no exactly -- well, yeah, i guess i am. >> you're saying capitulate to obama -- we don't have a revenue problem, ann. >> we lost the election, sean. >> well, the fact is, sean, we do have a revenue problem. 15% of gdp going to revenue. republicans on the right should at least pay for what they spend on. at least pay for the guns and ammo. the louisiana governor bobby jindal wants to make -- he's not blind to reality. he writes in today's politico, any reading of the headlines over the past week indicates that republicans are fighting to protect the rich and cut benefits for seniors. it may be possible to have worse political positioning than that, but i'm not so sure how. your thoughts, chris. do you conform to the thinking here of our smartest possible colleague here, chuck, that this is something that the president realizes is a true cliff, you don't want to go over it, and he will recognize a good deal if he sees it before christmas and take it? >> sure. yes, i do agree with chuck. i would say two things. one, with the cliff and the president acknowledging it's a real thing
coronation, obama the king. he's acting in many ways like he is anointed. all right. thank you, brian maloney. radio equalizer. appreciate you being with us. >> thank you, sean. >> sean: let not your heart be troubled. why, because greta has a great show. she's standing by to go on the record. an cowann co coulter and newt gh are among the guests. greta, take it away. >> this is a fox news alert. those are protests outside egypt's presidential palace and they're turning violent. more than 100,000 protesters clashing with police. protesters calling it their last warning to the new egyptian president. president morsi fleeing the pals in the middle of this chaos. grn record jacob lippencot is in cairo with the latest. what's going on? >> reporter: the violence tonight was relatively claim between anti-morsi protesters and police over the last few years. the crowds were huge and demonstrate once again the ability of the opposition secularists and the ruling islamists to bring out huge crowds of supporters. two days ago a peaceful islamist protest shuf shut down the supre court. it
obama says john boehner's presence is not the solution, it's the problem. >> the holdup right now is that speaker boehner took a position, you think the day after the campaign, that said, we're willing to bring in revenue, but we're not willing to increase rates. and i've just explained to you why we don't think that works. >> senate majority leader harry reid has also called republicans out for sabotaging the democratic process.ç now, putting this all into context, he tweeted out today, harry reid did, "i share the frustration of americans lamenting the lack of progress in negotiations to avoid a massive tax increase on middle class families. but for insight into why negotiations have been tough, consider the failure of the disabilities treaty at the hands of the tea party. those are the same republicans with whom democrats are supposed to find agreement to protect middle class families from a january 1st tax increase?" who could say it better? democrats are not being unreasonable here whatsoever. they are the party of reason right now. the people have spoken. house democratic
that president obama is the enemy in all of this. >> although the president seems obsessed about raising taxes on you, we feel that's not the right direction to go. >> it's interesting how no one from the business community has said president obama is wrong in all of this. none of the ceos who met with the president of the united states today came forward and challenged the president's plan. democratic leader nancy pelosi told me last night, ceos have been very understanding of the plan set forth by the white house. the business community is willing to accept rate increases. they are really making more concession than john boehner. eric cantor says republicans are not going to adjourn this year until a deal is reached. is that a sign of early capitulation? he knows republicans can't go home to their districts with absolutely nothing to show for it. that's not what the american people voted for. john boehner says he's willing to stick around town to get a deal done? >> i'll be here and i'll be available at any moment to sit down with the president, to get serious about solving this problem. >>
'll be right back. together for your future. ♪ >>> we learned today it's obama versus clinton again. not in the way you might imagine. michelle obama and bill clinton have been nominated for grammy awards. the first lady was nominated in the best spoken word category for the audio version of "american grown" the book that tells the story of the white house garden and encourages healthy eating. anned former president was nominated in the same category for "back to work" why we need smart government for a strong economy. the returns for this ration will be on february 10th when we'll find out who won. heart healthy . step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? house garden and encourages we'll be right bachouse garden we'll be right bachouse garden we'll be right bac >>> welcome back to "har
salaries. >> right. that is the message that president obama needs to hear. unfortunately, there's growing evidence to indicate that he's not interested in striking any deal at all. now, he may, in fact, want us to all go over the fiscal cliff. after all, he would be able to point the finger of blame at the republicans to get all the tax hikes he wants, all the defense cuts he's always wanted and some democrats are stating flat out they want to go over the fiscal cliff. watch this. >> i personally think you'll get a lot more deficit reduction if we do the fiscal cliff. i think the markets will reward the fiscal cliff over a period. there will be some panic and moaning and groaning, but first of all, the fiscal cliff is not a real cliff. it's a slope. and you're going to get the biggest bank for the buck in terms of deficit reduction. i think the economy can stand it. yes, we will go into two quarters of recession the cbo says, and i believe that. we're in deep trouble here. somebody's going to have to pay the bill. it's going to have to be all of us. >> joining me with more on all of this,
room" begins right now. >>> happening now, president obama says we're out of time for anything but a down payment for solving the nation's spending crisis. >>> amid fears, the government may resort to chemical weapons, nato says yes to turkey to giving them patriot missiles. we'll talk to the former british prime minister, tony blair. >>> as they await a new heir to the throne, the british consider changing the rules about who can become king or queen. i'm wolf blitzer. you're in "the situation room." >>> we begin with president obama's latest ideas for getting past the standoff with house republicans. he now says there isn't enough time left to do a comprehensive deal, including tax reform, fixing medicare. so he wants congress to raise tax rates for the wealthy right now and putting off the hard work to next year. they have 28 days left to make a deal before the country hits what's called the fiscal cliff. that's a combination of across the board tax increases for everyone, coupled with cuts in spending like defense, education, health care, and housing assistance. let's go li
. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm out there on my own, never know what i might say. but given the dialogue that we had the last time, i thought it was useful for me to abbreviate my remarks, speak off the cuff at the top and then most of the time just having a conversation. let me begin by saying all of you in this room are not just business leaders, not just ceos of your companies but you're also economic leaders and thought leaders in this country and i recognize that all of you have an enormous investment not only in your own companies but in the well-being
. it was just an acknowledgment it did do them damage. the obama people said it certainly helped them, but they also didn't think that that rush that they had in the polls right after that was really real. i mean, that was another thing that was very different between the two campaigns. i feel the obama people were much more realistic about the numbers, what the numbers really were, as compared to the romney campaign. >> what do you make of that, the fact -- again, we see the pattern of tactical answers to what seem to be terrible statements about half the country, 47%, not being this guy's responsibility. >> right. i mean, i think in fairness these questions were tactical questions. this was a forum about the nuts and bolts of why they did this or that, but i thought interestingly, i agree with susan, the obama campaign was saying that even though things looked a little bit better for them, they thought it was only a temporary thing. they thought they were only getting some of the independents temporarily. we saw that after the first debate things switched back very quickly. the obam
me to talk about the fiscal cliff. "the rachel maddow show" starts right now. >> good evening, ed. thank you. thanks to you at home for staying with us. if you get a tweet from president obama, you will know it by his signature. the president has an official twitter account from which all sorts of on message things get tweeted. but the white house says you know when a tweet has been written by the president himself because in that case the tweet gets a little initial signature. a "bo" in lower case. barack obama, as in i the president wrote this tweet. if it was a dog, it would be the paw print. the president was writing his own tweet this is afternoon. the string of twitter messages about the budget negotiations in washington. the white house announcing in advance today that the president himself would be answering people's questions about the negotiations in washington. he would be answering them directly on twit ter starting a 2:00 p.m. eastern. it is kind of awesome that regular people can ask direct questions from the leader of the free world. it's like a town hall but you do
, joe -- i mean, i feel -- this may be partisan -- i feel obama's got a little bit of an edge right now in this game. he's got field position over these guys. >> listen, you look at every poll, and the republicans are getting absolutely hammered. 2-1 in the poll we showed yesterday. today, again, another poll out showing that the democrats and the president are in a much stronger position. and the president could stiff-arm the gop, and he would win politically. but as you said, this is the issue of his second term. this defines his second term. and if he is defined as a guy that can't find the middle ground, that at the end of the day can't strike the deal, historians aren't going to go after eric cantor. >> right. >> and, you know, a subcommittee chairman. they're going to remember barack obama as a man who couldn't follow through on his grand promise of 2004 and 2008. so yeah, he could win politically, but the costs, don't you agree, would be tremendous, not only to him, but to the economy and to our country. >> well, i agree. i guess i don't know, if you have a group of people basica
presentation for the obama team at this point. >> in many ways you're right. last week i was covering these protests at walmart and i interviewed numerous walmart workers who said we've been there three years, five years, ten years, making $8, $9, $10, $11 an hour. you just put up that number. at costco, if you work there 4 1/2 years you're making generally $20.50 an hour. and then they kick in another $4,000, $5,000 to your 401(k). an amazing thing is the typical costco worker there 4 1/2 years is making as much as the typical walmart assistant store manager. >> steve greenhouse, "new york times." great to have you with us tonight. thanks so much. >>> there's a lot more coming up in the next half hour of "the ed show." stay right with us. >> it's over. >> no more twinkies? >> this is it. >> hostess executives demand huge bonuses while 18,000 people get fired. congressman jim mcdermott responds, next. >>> gdp is up, and unemployment is down. and this congress is the most unproductive in history. we'll break down the numbers. >>> and congressman louie gohmert goes off the deep end agai
because the mainstream media is going right along with her and the suggestion that obama and his closest people in the white house did nothing wrong in benghazi. obviously, they did. four brave and innocent americans were killed in this attack. and still, the american people are left with so many questions. and spokespersons for this incident this, tragedy, are wanting to play politics instead of being straight with the people. >> yes. and the press secretary, jay carney, is i think likewise, subject to legitimate criticism. i assume that he has access to information and for many days, maybe not 73 days, but they have done everything they could not to get the facts out. if they want to end it, it's simple, just get the facts out. quit trying to hide them. i don't understand why everyone gives them the pass except cbs and fox on that. >> exactly, gret a. that's the bottom line. just be straight with the people. that's all we expect of our government, is honesty. so that we can, as the people being served, so we can judge the decisions being made. and jay carney, just so obstinate and arro
, not a fluke. let me tell you, president obama won bigger than bush was re-elected in 2004. >> that's right. >> they keep talking about a close election. in 2012, this year, president obama received 50.9% of the vote. mr. bush only received 50.7. so president obama was re-elected by a wider margin than george bush was. some fluke. but then you have strategist stewart stevens even defending romney's claim that president obama used gifts to win the election. listen to this, karen. >> i don't think that's what he was saying. i think he was saying that there's an effort that the incumbent used, as many other incumbents have used, to reach out to constituents. that's something that we've seen in politics going back to a long time. they did it effectively and they have certain groups that they wanted to do well with and they did well. >> that's utterly nonsense. that's intelligence of the public. he was not talking about the traditional way. he was saying, as they said throughout the campaign, he was giving things away, handouts, which was an insult to the president and to those constituent group
a deal. president obama said this: >> i don't think that the issue right now has to do with sitting in a room. the issue right now that is relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we'reling going to be able to get a deal without it. >> speaker boehner's counter offer yesterday to president obama which included a mythical increase in tax revenue of $800 billion obtained by reducing or eliminating unspecified tax deductions was taken seriously by no one in the senate except republican jim demipt. speaker boehner's $800 billion tax hike will destroy american jobs. the heritage foundation skewered the boehner counteroffer on its blog. at first blush, it appears little more than categorical preemptive capitulation. to be fair, the details of the republican proposal are extraordinarily vague to the extent it can be interpreted from the hazy details
for work right now who wish they had a no layoff clause. >> reporter: to get these cranes and containers moving again, the nation's largest retailers' group has asked president obama t help end the strike. a 2002 labor dispute here ended only when president bush ordered the docks reopened after ten days, and that one, scott, cost the economy $15 billion. >> pelley: john, thank you. there is nothing stopping a pacific storm that is headed to the coast. this is a computer forecast that projects the density of moisture reaching from hawaii toward northern california. more than a foot of rain is predicted and mudslides are a danger. carter evans is in sacramento tonight. carter? >> reporter: scott, the sun broke through a few hours ago, but there still is a danger of flooding and mudslides through the weekend. more than half a foot of rain fell on northern california today. 40 mile per hour gusts have already knocked out power and toppled trees in san francisco. >> thankfully this didn't hurt anybody but it could be a lot worse. >> staying dry. >> thanks to you. >> where are you staying ton
was the point of the piece? i know there's hand wringing out there, maybe the folks on the right say under obama our taxes have gone up and we may more in taxes than we've ever paid and attempt to say, we're not-- >> this is long-term by the president and his allies to create an intellectual justification to raise taxes and in this case, they use the reagan years and often went back to times after world 2, where we were the only big kind of big, healthy industrial economy to say look, we grew then. and again, the point is that we're in a slow growth economy, high unemployment economy, a more competitive world thanks in part to our policies of the past, we need to compete and the highest corporate tax rate in the world, what america has is not the way to be competitive. >> to make the argument we've made is to raise taxes and revenues and approach the fiscal cliff and argument from small businesses and others, if you increase our rate, we're either going to have to layoff individuals, not going to hire anybody else right now, and so, therefore, this economy that's already stalled is not going to
plan and the obama health care exchanges. >> i think we can settle this 2016 thing right now. >> what are you, kidding? >> i stopped making predictions like six seconds ago. we're great when we talk about things that happened in the past or things happening now. we're really stupid. >> joe klein gets the last very cautious word. thank you very much for joining me. from washington, d.c. tonight, breaking news from the nation's capital. house democrats are turning the screws on house speaker bain. this is "the ed show." let's get to work. >> unfortunately, the speaker's proposal is still out of balance. >> the president responds to john boehner, but democratic leader nancy pelosi has a plan to get around the speaker. tonight, leader pelosi joins me for an exclusive interview. >>> senator john kerry like you have never seen him before. the statesman from massachusetts scolds the radical right after senate republicans block a u.n. treaty on rights for the disabled because they are concerned about home schooling. you don't want to miss this tape. >>> plus my interview with ohio senator she
cliff. president up obama has taken to twitter answering fiscal cliff questions right now. looking to drum up support for his tax hike on the wealthiest americans. rich edson is in d.c. with the latest. rich? >> well, that a meeting with state governors tomorrow and nothing on the public schedule with congressional leaders. negotiators are stuck on the administration's last proposal. 1.6 trillion in tax increases. 600 billion in spending reforms and more stimulus spending. republicans call it a joke. the white house says republicans need to step up with a plan. >> i would simply redirect that question to republican leaders who do this date have no put forward any proposal how they would achieve revenues, how they would address the issue that rates have to rise on the top 2%. >> house speaker john boehner says republicans are willing to discuss revenue increases through tax reform. the administration says they're open to tax reform as well but they want an immediate tax rate hike on wealthy americans. with only a few weeks left until hundreds of billions of automatic spending cuts a
body, but all right. rick santorum, always nice to see you. >> obama care or medicare, i'm not too sure it would be over his dead body. >>> good to see you, up next, julian assange, he's posted hundreds of thousands of american military documents, videos, american classified documents on the web. >>> and almost 500 people have died in the past 11 years when law enforcement used tasers. is it excessive force? up next. heard this news about a multivitamin study looking at long-term health benefits for men over 50. the one they used in that study... centrum silver. that's what i take. my doctor! he knows his stuff. [ male announcer ] centrum. the most recommended. most preferred. most studied. centrum, always your most complete. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get
with us. thanks for watching. president obama is selling his economic agenda and using all the right tools. the president was surrounded today by middle class taxpayers at the white house as he pushed for an extension of the tax cuts for income below $250,000. he was quick to highlight the break in the ranks with the republicans. >> i am glad to see, if you've been reading the papers lately, that more and more republicans in congress, seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> president obama isn't talking about some moderate republican or some blue dog democrat, he is talking about conservative republican oklahoma congressman, tom cole. cole is the first republican to openly call for agreeing to middle class tax cuts. >> we all agree that we are not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now. continue to fight against any rate increases, continue to try to work
, president obama is close to breaking the gop tax unity. >> unfortunately, the speaker's proposal right now is still out of balance. you know, he talks, for example, about $800 billion worth of revenues but he says he's going to do that by lowering rates. and when you look at the math, it doesn't work. if we're going to protect middle class families, then we're going to have to have higher rates for the wealthiest americans, folks like me. >> read his lips, no deal without a tax increase on the richest in this country. and get this, president obama is winning this argument. remember the anti-tax pledge? 44 republicans had distanced themselves from it. today conservative columnist david brooks says, republicans have to realize they're going to have to cave on tax rates. and conservative writer byron york writes, quote, republicans will cave. part of the reason for the shift is the president is staying strong on this issue. he did just -- he did that to just now and won an election. also, americans are saying clearly who they blame if the two sides don't reach a deal before the end of the yea
.91 a barrel. we'll be right back tracy: so president obama continuing to push tax hikes on the rich as part of the big fiscal cliff deal but will raising taxes on the wealthy actually help the government in covering its debts? i'm thinking not. liz macdonald is here with her bottom line. >> take a wild guess. if you raise rate on two top brackets how much does it bring in? it brings in '82 billion. guess how much in terms of government spending in term of time frame it covers, a month, a year? ashley: five minutes? >> pretty close, ashley. look at this. ashley: what is it? >> covers 1 1/2 weeks of government spending at current rates. ashley: that's it. >> when we talk about the fair share, tracy and ashley, you never hear the president say this what the top 1% pay. in other words what their fair share. look at this, 37% of the top 1% is responsible for in terms of personal income tax revenue. they pay, they earn just one fifth, just one fifth of adjusted gross income. moving along top 5%, nearly 60% of the personal income tax revenue. ashley: comes from the top 5%. >> top five%. they earn
at the white house. we don't know what's on the menu when president obama, mitt romney meet for lunch today. that's right. the president is hosting his former rival about 30 minutes or so from now. it is a promise the president made during a victory speech on election night. listen. >> it's only because we love this country deeply. we care so strongly about its future. in the weeks ahead i also look forward to sitting down with governor romney to talk about where we can work together to move this country forward. >> mitt romney, he was stunned by his defeat, but gracious in his concession speech. it looked like everybody was ready to make nice until romney's remarks in a phone call to top donors days after the election. he said he lost because president obama gave policy gifts to key voting groups, including miss panics, african-americans, and young voters. >> what the president's campaign did was focus on certain members of his base coalition, give them extraordinary financial gifts from the government, and then work very aggressively to turn them out to vote. >> fast forward to today when
of coal you get for christmas. that's a scrooge christmas. >> that's pretty scroogy, right? president obama's proposal calls for $1.6 trillion in new tax revenue. $50 billion for new stimulus spending. and about $400 billion in entitlement cuts. republicans say, the president's proposal's nothing but a political stunt. here is boehner. >> the white house spends three weeks trying to develop a proposal and they send one up here that calls for $1.6 trillion in new taxes, calls for a little -- not even $400 billion in cuts, and they want to have this extra spending that is actually greater than the amount they're willing to cut. i mean, it is -- it was not a serious proposal. and so right now we're almost nowhere. >> what we will do is continue to take this as a serious matter. this is not a game. we're not interested in playing rope adope. we're interested in trying to solve the problem for the american people so that we don't see taxes go up on anybody, so that we can engage in tax reform, get this economy going again. we're not playing a game. we're being serious. that offer yesterday
any sort of ammunition? >> i don't think the welfare state getting bigger for two reasons in obama's term. one reason is we're out of money. spent $2 trillion on obamacare. people see greece, the european crisis going on right now, and there's so much pressure to cut spending, i can't imagine a really big even new entitlements, you know, a new ira required on top of social security. i couldn't see that happening. with that said, a lot of subsequentiaconsconveniential.se huge. he'll have a lot of opportunities to move the progressive football down the field, but i don't see any of these -- any of these dreams coming to fruition unless the republican house is defeated in two years, paving the way for bigger plans. >> greta: john, do you see the disappointment that the president will have with liberal supporters that want this? >> one thing democrats will be encouraged by when you look at big entitle programs in the past, like social security and medicare, they've really grown over time. they started out with a small concentrated base, and through acts of congress, they became increas
this problem. >> but of course, it takes two to tango, so where does president obama stand? >> we can probably solve this in about a week. it's not that tough. >> it's not that tough. he's absolutely right about that. but we heard early this evening that the president and speaker boehner did speak late today on the phone, so that's good news, but in this case, they need face time. they need to spend real time face to face. even democrats think the president needs to do more in person work on this. >> the president is not somebody who he's prioritizing evenings with his family instead of going down and having a bourbon on the rocks with some of the congressional folks. >> sometimes though, you need to do to bourbon like when the country needs you. bourbon, beer, wine, whatever, after a couple of drinks, the president and boehner could you know, pull a simpson. >> the lasso again, then the horse. the cowboys ride. the cowboys. >> that's the special beer that you would drink to get you to dance the gangnam style. president obama and john boehner did the gangnam style, your approval ratings might
boehner and president obama, is that at all in the works? >> as far as we know, no. whether it's in the works, we could only hope, at this point we do not have any indication that it is scheduled right now. never mind the principles, we don't have any word that there has been communications between their staff at all. what's flying out of the public still appears to be flying out of private, which is not a lot. >> the members are going home for a nice long weekend. thanks very much for that. president obama isn't negotiating like we just heard. he's negotiating to raise the tax rates on the rich as a downpayment on a larger deal to come later as far as taxes are concerned and medicare is concerned. >> let's allow higher rates to go up for the top two percent, that includes all of you, yes. but not in anyway that's going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next year. 97% of small businesses don't see an increase in taxes next year. and by doing that alone, w
the beginning of president obama's first term. there is lot of concern about gun laws and will our rights to own and bear arms go away? people have been buying up the guns. that means smith & wesson shares have been skyrocketing. this is 2012, a lock at smith & wesson chart. whether or not they will hit a bull's-eye, last fourth qaer is they blew away expectations. revenue of 134.4 million. this is reporting after the bell tonight. definitely going to be a stock to watch. they have had a track record of beating earnings guidance of the by the way, they just recently raised their own guidance for year-end. this stock really on a roll. pe, even with this gain, guys, is still 16. so it is fairly cheap for that kind of run-up in a stock. one other company, hard to transition from gun to yoga pants but lululemon reported before the bell today. look at this stock. up 6%. another stock that has been on a roll. lululemon shares up 54% so far this year. they make all the yoga pants, tops, all that kind of stuff, guys. better-than-expected results, same-store sales a key indicator of their performance up
. we know in broad terps what that agreement is going to be like. if boehner and obama could come together they could get within done in an hour but they have to worry about the left and right. that's why a lot of bluster. >> i think nancy pelosi will be key there will be a lot of defections on the republican side, nancy pelosi stays in the house she is a great whip. she has to convince a lot of democrats to vote yes. there are going to be been fit cuts, cuts to entitlement, otherwise republicans are not going to go along with any type of tax increase. >> greta: people make business decisions based on what they predict is going to happen. congress and the president have held us in abeyance for a year and a half on this issue which has stall the economy, people -- while they sit and lay their game and their vacation everything else, they've stalled the impact. >> the idea of all of the bush tax cuts going away, is a serious thing. here again, the president could win, having them all go over, that's an extraordinarily serious event.ss whether republicans take this offer from yesterd
. carl? >> all right. thank you very much, becky. great stuff. thank you for sticking around. >> thank you. >> sticking with the cliff, governors are set to meet with president obama and congressional leaders. the meeting coming one day after the white house rejected a republican plan for averting the cliff. chi chief washington correspondent john harwood is outside of the white house this morning. how do business leaders change the equation? >> reporter: the president is trying to orchestrate a consensus behind his approach to deficit reduction. this is a group part of the national governors association executive committee. a diverse group. he carried three states he represents and governors include scott walker, leader of conservative government reform movement going after public employee pensions and shrink government obligations that way. governors are pragmatic. the president is trying to make the case if you look at polls and revenue needs of the government and ageing of our population, the pragmatic thing to do is trim entitlements. the significance of speaker boehner's offer ye
said. they want to go off of the fiscal cliff. then negotiations fail president obama will not get blamed. it is someone else. >> gretchen: marjorie that sounds right other than the middle class getting hit with a tax hike isn't everything that ron just part of the dnc. >> it is it a big issue. president obama and really american people don't want to see middle class americans pay additional 2000 in taxes n which is what will happen in addition to cuts to programs . we want to cut and the american people want to see cut. there is it a few things. first more americans would blame the republicans and not president obama if we went off of the fiscal cliff. that is a motivation. >> brian: yeah. >> gretchen: ron, why do they feel that way? >> brian:ip totally agree with you. looking at polls and say republicans will get blamed and so why not runuss off of the cliff. >> republicans should have their own plan. the majority of americans in exit polls have said we should balance and ask the wealthiest to pay more. >> gretchen: wait, wait, wait, wait, wait. ron. that's not true. nothing is g
to start talking to house republicans. so ceos in the business community right in the middle of this negotiation. >> eamon javers, thank you. >>> john harwood has the latest on mr. obama's big meeting with some of those ceos. john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a catastrophic standoff in mid 2011 that caused the downgrade in u.s. credit. president said he's simply not going to negotiate in the negotiating process that results in the same kind of stand-off. here is the president. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation? which, by the way, we have ne
: is president obama still sitting here? governor romney does visiting here? all because mitt romney was in a serious order taken it seriously? that he was the butt of more jokes. david brennan is on the phone right now. thanks for joining. >> thank you. neil: you have seen the studies. remember, they broke down the juxtaposition of jokes you and it was something like 10 to one, making fun of romney. >> i think first of all you have to know that the comedian's lean left anyway. always. i mean, they are basically -- even though they try to balance that, they are going to make fun of the other guy who is running against a democrat. but in spite of that, it doesn't matter. you know, look at george w. bush. talk about a walking talking joke. the second time that he ran -- were you kidding me? all he had to do was repeat what he said and people were screaming. neil: and he got reelected. >> and he got reelected i will say that that is right. i do think it was overly disproportionate and part of my thinking is that everything that mitt romney would do or say became a joke. even stuff that
. and a big reason for that, the reason medicare looks to be fairly sustainable right now is because we just passed that law. you've probably heard of it, called the affordable care act. health reform, obama care, which the republicans, let us remember, fought tooth and nail, and which spends most of its infamous 2,000 pages, throwing a whole bunch of different solutions at the actual underlying problem, that is driving the medicare cost problem, which is the cost of the rise in the growth of health care costs in general. that very controversial bill that the president and democrat spent just about every last scent of political capital on is designed to change the delivery of health care in all kinds of ways to slow the growth of spending on health care. almost none of these changes have been fully implemented yet. and that's what's going to happen in the next few years. they will be implemented. and rather than waiting until the affordable care act is fully implemented, waiting to see what's going to work in terms of cutting costs, republicans are trying to use this prefabricated deficit cr
'm a progressive. you know what? the country is evenly divided. we have to work together. president obama knows that. most of the members of congress know that. there are a small group of people, i think primarily on the right, that don't understand that we're not just going to do this by cutting and cutting and cutting. we're going to have to invest and we're going to have to make sure that we have revenues and so, yes, there are people that are upset about that. i respect that. the problem is that democrats just talk with democrats and republicans with republicans. we need to talk together. we need to reach across the aisle and we need to work together in the nation's best interest. that's what is broken with politics right now. too many people polarized and too many people addicted to their ideologies and not working together in the way that we should. >> it looks like 72% of americans when polled say they want compromise no matter what they voted for and no matter what they said when they were electing their officials. i could go on all day about this. i have a whole menu of things i would
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